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Cfgjrg7474
April 9, 2025
Question

Inheritance of nursing home settlement trust account

  • April 9, 2025
  • 1 reply
  • 0 views

We inherited funds from a nursing home settlement trust account. My brother was injured in a nursing home. Do we report this as income and do we pay taxes on it?

    1 reply

    D
    DavidD66
    April 9, 2025

    No, you don't have to report it as income, nor do you have to pay tax on it.  

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    C
    Cfgjrg7474Author
    April 9, 2025

    Thank you for your quick response!

     

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